Page-2 of SIDBI

Scheme with Guarantee Cover worth Rs 20,000 Crore launched for MSMEs

June 24, 2020

This scheme was announced as a part of the AtmaNirbhar Bharat Package by Finance Minister back on 13th May 2020. On 24th June 2020, the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) was launched. The scheme is also called as ..

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MoU for providing Special Micro-Credit Facility for Street Vendors signed

June 19, 2020

The Union Ministry of Housing and Urban Affairs has signed a memorandum of understanding (MoU) with Lucknow based financial institution SIDBI- Small Industries Development Bank of India on 19th June 2020. The MoU will provide a boost in building Atmanirbhar ..

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SAFE Scheme: SIDBI provides working capital of Rs 1 crore to MSME

April 8, 2020

On April 8, 2020, the Small Industries Development Bank of India announced that it will provide emergency working capital of Rs 1 crore to small and medium enterprises. SAFE Scheme The SIDBI launched SAFE scheme on March 26, 2020. The ..

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GoI: Invest India Business Immunity Platform launched

March 24, 2020

On March 24, 2020, the India’s National Investment Promotion and Facilitation Agency called the Invest India launched “The Invest India Business Immunity Platform”. The platform is to operate on the website of Invest India. Highlights The platform is to give ..

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SIDBI launches “Swavalamban Express” to promote business aspirants

March 20, 2020

On March 19, 2020, the Small Industries Development Bank of India (SIDBI) announced Swavalamban Express. Highlights The Train is to visit 11 entrepreneurial cities. This includes Delhi, Jammu, Mumbai. Ahmedabad, Hyderabad, Bengaluru, Kolakata, Bhubaneswar and Varanasi. During the period, various ..

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GeM inks MoU with SIDBI for MSMEs

August 31, 2019

Government portal for public procurement GeM (Government e-marketplace) has inked MoU with Small Industries Development Bank of India (SIDBI) to boost MSME ecommerce sales. The MoU aims to enable promotion of special initiatives of GeM, such as Womaniya and Start-up ..

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New Policy for Overseas Borrowings

February 9, 2019

The Reserve Bank has come out with a new policy for overseas borrowings. The RBI has rationalized the earlier policy in consultation with the Government of India. Features of the New Overseas Borrowing Policy The features of the new policy ..

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Udyam Abhilasha: SIDBI launches national level entrepreneurship awareness campaign

October 4, 2018

Small Industries Development Bank of India (SIDBI) has launched Udyam Abhilasha (उद्यम अभिलाषा), a national level entrepreneurship awareness campaign. It was launched in 115 Aspirational Districts identified by NITI Aayog in 28 States. Udyam Abhilasha The campaign will run from ..

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Finance Ministry launches web portal to grant loans to MSMEs within hour

September 26, 2018

Union Finance Minister Arun Jaitley launched portal www.psbloansin59minutes.com to enable micro, small and medium enterprises (MSMEs) to get in-principle approval of loans within hour without need for branch visit. The web portal will enable in principle approval for MSME loans ..

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SIDBI, CSC SPV ink MoU to provide financial support to village level entrepreneurs

May 25, 2018

Small Industries Development Bank of India (SIDBI) and Common Service Centres (CSC) Special Purpose Vehicle (SPV) signed MoU for providing financial support village level entrepreneurs in CSCs. Through the MoU, SIDBI will extend financial support to VLEs of CSCs, with minimum ..

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